Planning a journey for yourself or your family? Do not forget to consider travel insurance. However, before you make any decision, you have to know the right things about travel insurance. There are many myths you may find online while looking for good insurance. Not all of them are true. So, we have mentioned some of the most common ones in this article and explained the truth about them.
Common Travel Insurance Myths
Here are some of the most prevalent myths you may come across.
Travel Insurance is Not Always as Beneficial as One Might Think
You will find many people saying that travel insurance is a waste of money. It is because most people think that since you are not going to need it, why waste your money? But this is not far from the truth. Travel insurance can be a great help for you and your trip partner in many ways.
It can help you with financial security if there are any unexpected situations. Such occurrences can be for instance; trip cancellation, medical occurrences, loss of baggage, etc. We all know that such incidents can be costly. Plus, it will also ruin your trip if you have no coverage.
Sceptically, it is possible to consider that purchasing travel insurance is just one more thing to spend money on. Meanwhile, it can offer valuable support and protection, saving lots of hassle and money. So, before making a decision not to get one, consider the other way around.
Travel Insurance Can Be Very Costly
Joe Cronin, President of International Citizens Insurance, said, “Another common myth about travel insurance is that it is very costly. Quite often, some people believe that they cannot afford to get travel insurance. Hence, they usually skip it and go on their trips without it. In contrast to this belief, it is not entirely true.
The insurance packages depend on different factors. Moreover, their prices are very low as compared to the potential financial loss you may encounter due to unforeseen events. When you have coverage, the insurance may cover some part of your loss.”
Travel Insurance Is Only Needed for International Trips
People also think that you will need travel insurance only when travelling internationally. They think that when they travel within their own country, there is no such necessity. But this is not the whole truth.
Travel insurance has the same importance when it comes to domestic trips as it has for international ones. You can face an emergency or accident anywhere. Sometimes, even a short trip can be faced with unexpected events. So, it is always a good idea to get travel insurance for both domestic and international trips. It can play a significant role in protecting you and your trip money.
Your Health Insurance Will Cover Medical Expenses on Trips
There is a common misunderstanding among people that their health insurance will cover their medical expenses on trips. Medical insurance comes with different criteria. Moreover, it also does not cover every medical expense you may have. Travel insurance is particularly designed to cover your medical expenses while you travel. It can offer coverage for emergency medical care, medical transportation, and even hospitalization. You can also get assistance with these expenses. For instance, you can get assistance while finding a local hospital or doctor. Since your health insurance does not cover it all, travel insurance is an extra layer of protection.
You Will Need to Buy Different Plans for Each Family Member
John Smith, Founder at Sparkaven, said, “Many people have the mindset that they will have to buy travel insurance for each family member when travelling together. You can find various insurance policies where you can include multiple members of your family in a single policy. It will help you save a lot of money. It will also make the entire process of getting insurance more convenient.
Typically, you can add your spouse, children, and also grandparents on a single package. Many policies even provide discounts for families. However, make sure to contact the insurance company to know the exact details and family-friendly options.”
The Airline Compensates When a Flight Is Delayed Or Cancelled
People believe that their airline will compensate for the delay or cancellation. On the contrary, airlines are not always promised to compensate passengers. Even when they offer such policies, there will be limitations. Airlines may only offer refunds or vouchers for the flight cost. But they will not cover additional expenses. These may include your meals, transportation, or accommodation. Travel insurance can provide coverage for trip interruptions, delays, and cancellations. It will also reimburse you for any extra expenses.
You Will Only Need Travel Insurance For Costly Trips
One of the many common myths is that they are only required for expensive trips. Some people assume that they will only require travel insurance for luxurious vacations. This is completely untrue since your trip cost does not determine the possibility of an unfortunate event. Such incidents have the same likelihood of occurring on low-budget trips as luxury ones. So, do not go believing such myths and make the right decision of buying good travel insurance.
Travel Insurance Will Protect Me on an Adventurous Trip
Some people assume that travel insurance will cover them financially for any unexpected accidents on an adventurous trip. Although it covers unforeseen events, it still has its exclusions and limitations. While insurance covers most of the parts, it may not cover all the potential risks related to an adventurous trip. Some policies even exclude certain kinds of activities. These may be adventure sports such as skydiving, white water rafting, or bungee jumping. So if you are planning an adventurous trip, make sure that your policy covers the certain activities you are looking forward to doing.
Conclusion
Travel insurance remains a significant part of trip planning. It offers you peace of mind and financial security while travelling. Now you know how these myths are untrue and baseless. The article highlights the value and necessity of detailed coverage of travel insurance on your trips. It is important to do your research and find the right company. Make sure to buy the one that matches your particular travel demands and activities.
